Sep 18, 2024 Last Updated 06:37 AM EDT

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JPMorgan Chase Aims to Attract 15% of US Consumer Deposits, Expand Credit Card Share

JPMorgan Chase is reportedly striving to amass 15% of US consumer deposits and expand its credit card share.

Citi to End Operations in Haiti After 50 Years

Citi has decided to end its operations in Haiti, concluding more than 50 years of presence in the country...

Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report

US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi...

Goldman Sachs Plans to Double Lending to Ultra-Wealthy Private Bank Clients in the Next 5 Years: Report

Goldman Sachs plans to double its lending to wealthy private bank clients in the next five years...

Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup Inc. was fined £61.7 million ($79 million) by British regula...

US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report

The Federal Reserve and two other US regulators are reportedly conside...

Latest News

Shareholders to give Time Warner Cable the will to reject Charter Communications' $62B offer
Time Warner Cable's 462% total returns may help convince its shareholders to reject Charter Communications' $62 billion offer or to not press for a sale. Time Warner Cable is seeking a takeover bid of
Ex-HSBC Holdings product specialist creates Luminance Global Fund to invest in global liquid securities
Roshan Padamadan, a former HSBC Holdings Plc product specialist, has started a hedge fund that will seek for opportunities in global liquid securities, Bloomberg reported.
At least half a dozen banks vie to finance possible Sprint bid for T-Mobile -sources
Sprint chairman and SoftBank chief executive Masayoshi Son was reportedly meeting senior bank executives in New York. Sources said that banks are readying proposals for financing a bid by Sprint Corp.
UBS to sell Corporate Employee Financial Services to Montagu Private Equity
Investment bank UBS AG has put up for sale its administrative services arm for employee equity plans to simplify its operations. Corporate Employees Financial Services International will be sold to Mo
Venezuela's Banesco wins bidding for Spain's rescued bank NCG Banco
Venezuelan bank Banesco has won the bid for a controlling stake in Spanish state-rescued lender NCG Banco through its €1 billion offer. Banesco bet out five other rivals in the auction.
Private equity firm Carlyle Group had put up for sale its specialty chemicals business PQ Corp for $3 billion
Private equity firm Carlyle Group had put up for sale its specialty chemicals business PQ Corp. for $3 billion. Carlyle has tapped investment bank Credit Suisse to explore an outright sale or IPO of P
Ares Management dismisses Wall Street banks' call for IPO
Wall Street banks including JPMorgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley have been calling on private equity firm Ares Management to go public soon. Ares, however, does no
Hutchison chooses BoA Merrill Lynch, Goldman Sachs, HSBC to manage A.S. Watson float
Hutchison Whampoa, a conglomerate controlled by Hong Kong tycoon Li Ka-shing has picked Bank of America Merrill Lynch, Goldman Sachs and HSBC to manage the proposed listing of A.S. Watson in Hong Kong
David Gonski named as new Chairman of Australia & New Zealand Banking Group
David Gonski, the head of the sovereign wealth fund of Australia, will be the Chairman of the Australia & New Zealand Banking Group Ltd, Bloomberg reported.
JPMorgan strikes back, sues FDIC
JPMorgan Chase has filed a case against the Federal Deposit Insurance Corporation in a bid to recover more than a billion dollars from the government agency which managed the receivership of Washingto

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Jeff Bezos to Sell $5 Billion Worth of Amazon Shares During Record Stock Surge

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Intel Announces Massive Job Cuts, Cites Cost-Cutting Measures

Intel Will Lay Off Over 15,000 Workers After Posting a $1.6bn Loss in Revenue

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Modernizing Veterinary Care: Ed Goluch and QSM Diagnostics' Journey

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Mark Zuckerberg’s Meta Reality Labs Loses $45 Billion in 4 Years As AR/VR Falls Short

Mark Zuckerberg’s Meta Reality Labs Loses $45 Billion in 4 Years As AR/VR Falls Short
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